Mr. W. Douglas Grant reports

FIRSTFUND REPORTS 2023 FIRST QUARTER RESULTS

The financial results of Consolidated Firstfund Capital Corp. for the three months ended March 31, 2023, show a net loss of $15,407 or nil per share (2022 -- $124,743 or two cents per share). The company recorded an unrealized net loss of $35,043 in 2023 (2022 -- $140,173) on the revaluation of the investments in Vitality Products Inc. measured at fair value through profit or loss. The company's fee income increased to $85,608 for the three months ended March 31, 2023 (2022 -- $80,480).

The company's condensed consolidated interim financial statements and management's discussion and analysis for the three months ended March 31, 2023, and March 31, 2022, are available on SEDAR.

About Consolidated Firstfund Capital Corp.

Consolidated Firstfund is a venture capital and property development and management company doing business primarily in Canada and the west coast of the United States. The company is an investment issuer listed on the TSX Venture Exchange. Consolidated Firstfund has invested its capital in both private companies and publicly traded companies since 1983. The company continues to investigate other investment opportunities for its portfolio. Consolidated Firstfund earns fee income for real estate development and property management activities performed on properties owned by other companies and limited partnerships managed by companies under common control.